Medvedev Launches Drive To Improve Investment Climate

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Description: The much-maligned Russian investment environment may actually be on the verge of real improvement -- if Pres Dmitry Medvedev has his way. In late March, Medvedev announced a major initiative to reform the country's business climate. The proposed actions include creating a timetable for the privatization of state assets, cutting procurement costs at large state-owned companies, reducing pension taxes on employers; improving transparency for minority investors, enforcing government follow-up on allegations of corruption, and removing government officials from the boards of directors of some state companies.
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